(a) The Director is authorized to undertake such studies as may
be necessary for the purpose of determining the extent to which
insurance protection against earthquakes or any other natural
disaster perils, other than flood, is not available from public or
private sources, and the feasibility of such insurance protection
being made available.
  (b) Studies under this section shall be carried out, to the
maximum extent practicable, with the cooperation of other Federal
departments and agencies and State and local agencies, and the
Director is authorized to consult with, receive information from,
and enter into any necessary agreements or other arrangements with
such other Federal departments and agencies (on a reimbursement
basis) and such State and local agencies.